Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
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Saxon Meadow, Sutton on Trent, 2-3 bed homes
***INCENTIVE - free carpets in a colour of your choice (Plots 37 and 38 only)***
Saxon Meadow is a collection of new homes in the popular village of Sutton-On-Trent in Nottinghamshire.
The development boasts a range of new homes, so there’s something for everyone; whether you’re a first-time buyer, downsizing or looking for more space for your family. We are offering 2 two bedroom and 4 three bedroom houses available to buy through shared ownership. Each property will benefit from off road parking, and enclosed rear garden.
Priority will be given to applicants from Sutton on Trent, and the wider Newark and Sherwood district.
Local area information
There are excellent transport links, a selection of good schools, excellent local amenities close-by, and an open play area is due to be built by Charles Church, the developers.
There’s a handy Co-op store in the village and with Newark town centre just a short car journey away, you’ll be spoilt for choice when it comes to first class shopping. As well as being a great place to shop, Newark also boasts a rich history with the Newark Air Museum, The Workhouse – full of Victorian architecture and history. Rufford Abbey, Doddington Hall & Gardens and Southwell Minster are also close-by and popular destinations for family days out.
Lincoln is approximately 11 miles away from Saxon Meadow and has a host of independent boutique shopping alongside quaint eateries, cultural venues and historical landmarks such as the cathedral and castle – both well worth a visit. With a range of theatres to take in different shows, boat trips and leisure centres, Lincoln has it all.
Sherwood Forest is less than 15 miles from Saxon Meadow and is a fantastic destination for all the family with Go Ape, Center Parcs and of course, acres of ancient forest to explore. Other outdoor adventures can be enjoyed at Clumber Park, Sapphire Lake and Cromwell Weir. Girton Sailing Club is approximately 4 miles away where you can watch boat racing and also learn how to sail, row and even try your hand at racing
Families with children will be pleased to know there’s a good choice of schooling for all ages close to Saxon Meadow; Sutton-On-Trent Primary school is approximately a mile away, Newark Academy 4 miles away and Lincoln University is 18 miles away.
Education - There is a good choice of schooling close to Saxon Meadow; Sutton-On-Trent Primary school is approximately a mile away, Newark Academy 4 miles away and Lincoln University is 18 miles away from the development.
Transport- Newark Castle train station is just over 8 miles away from Saxon Meadow with regular trains to Lincoln and Nottingham. A1 North and South bound is 2 miles away from this new development, and the A46 is a mile away making it an easy commute to Lincoln, Nottingham and further afield.
Health - Hounsfield surgery is 0.1 miles away, Tuxford medical centre and Balderton primary care are also close by.
Min share price from: £48,750 for a 25% share
Full price from: £195,000
Minimum deposit from: £2,063
Monthly rent from: £335
There are 2 available ranging from £48,750 for a 25% share to £48,750 for a 25% share.
It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.
An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.
Leasehold, which is essentially the contract for the share you've bought.
It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.
Your solicitor can help you with this.